Commercial Property - 0.734 Acres - Renovate or Re-Develop

Retail-Commercial for Sale
Also listed as Vacant Land, Office
Catylist Listing ID: 30385326
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 6,201 SF
Gross Land Area: 0.33 - 0.73 Acres
Sale Price: $399,000
Unit Price: $64.34 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/9/2019

Overview / Comments

This property contains 0.734 acres of commercial zoned land and is currently improved with a commercial/ shell building containing 6,201 square feet. The structure can be revitalized to support a higher commercial, retail use or other potential use, with excess land to the south for possible expansion. Or, the existing structure can easily be demolished to accomodate a new development! There is an income producing billboard onsite too!

The property has an excellent location along Preston Highway, supporting approximately 21,000 cars per day, per 2017 KIPDA counts. The location is central to Audubon with close proximity to the University of Louisville, Schnitzelburg, Germantown and the Highlands. The area is seeing new development in retail, boutique style stores, restaurants and bars, multi-family, office and other commercial type land uses. The area is thriving and growing to support the nearby University of Louisville and Bellarmine University student body. Interstate 65 and Interstate 264 access is less than 1-mile away. Other supporting land uses in the area include Churchill Downs, Louisville International Airport, Louisville Zoo, Kentucky Exposition Center, and Kentucky Kingdom. Additionally, the Louisville CBD is just 4-miles to the north.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 069500540000
Zoning: C-1 - Commercial District
Property Visibility: Excellent
Feet of Frontage: 343
Traffic/Vehicle Count: 21,000
Highway Access: Interstate 65 and Interstate 264 are less than 1-mile away
Site Description: Level, at road grade
Property Condition: Fair
Construction/Siding: Block
Parking Type: Surface
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,959 131,375 331,462
Median Age: 38.5 36.12 36.8
Households: 5,474 57,446 143,023

Contact

Photograph of Listing Agent

Amanda Helfrich

Homepage Realty KCREA Member
Photograph of Listing Agent

George N Barrett

Homepage Realty KCREA Member
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